PEPE2, SHIB2 and Other 'Sequels' Drove Portfolios to Devastation

$PEPE2 $SHIB2 and other copycats are extremely dangerous for your portfolio, and data confirms it

Scrutinizing the token distribution among holders further accentuates these concerns. The top holders of SQUID2, who are all interconnected by Ethereum transfers, possess an alarming 70% of the token's total supply.

Such a concentration of tokens in a handful of wallets is a red flag, signaling potential marketA similar situation unfolds with SHIB2. A particularly large cluster of interconnected wallets has been spotted, raising eyebrows. Three different wallets received 0.1 ETH each from a single entity, ostensibly to cover gas fees. Collectively, these wallets control almost 10% of SHIB2's circulating supply, suggesting that a single individual or entity may manipulate the token's market.

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